secwatch.observer — SEC 8-K summary
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Issuer:     Black Stone Minerals, L.P. (BSM)
CIK:        0001621434
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001628280-22-027434
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Stone Minerals reports record Q3 adjusted EBITDA and DCF; distribution raised to $0.45/unit
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- Net income $168.5M ($131.8M Q2); oil & gas revenue $218.0M (+6% QoQ).
- Mineral & royalty production 37.3 MBoe/d (+23% QoQ); total production 40.0 MBoe/d.
- Adjusted EBITDA record $123.1M; distributable cash flow record $116.5M; coverage 1.24x.
- Distribution $0.45/unit (+7% QoQ); total debt reduced to $60M at quarter-end, further to $19M as of Oct 28.
- Full-year 2022 production guidance raised to at or above midpoint of 34-37 MBoe/d; credit facility amended to $550M borrowing base, extended to 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022027434/0001628280-22-027434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621434/000162828022027434/bsm9302022-8xk.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027434

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